A whale trader known as "Set 10 Big Goals First," identified as jasonleo, disclosed a new Bitcoin short position on Aug. 20, according to BlockBeats. In a social media post shared three hours earlier, jasonleo said the position was opened at $69,826 and covered 1,894 BTC. At the time the position screenshot was posted, the trade was showing more than $600,000 in unrealized profit.
jasonleo later shared the reasoning behind the short and gave specific trade levels. The trader said the stop loss for the position was set at $70,400 and the take-profit range was between $68,000 and $66,500.
The update came after an earlier position disclosure from the same trader. Ten hours before the short position was posted, jasonleo had shared a Bitcoin long showing as much as $13 million in unrealized profit. The sequence indicates a rapid shift in directional positioning from long to short within the same day. All position details cited in the post were attributed to screenshots and comments shared by the trader on social media, as referenced by BlockBeats.
Whale trader "Set 10 Big Goals First," known as jasonleo, has switched from a Bitcoin long to a short position, according to BlockBeats on Aug. 20.
A position screenshot shared by jasonleo on social media three hours earlier showed that the trader opened a short on 1,894 BTC at $69,826. At the time of the post, the position was showing more than $600,000 in unrealized profit.
jasonleo later shared the rationale for the short and said: 「损位特别低 70400 损，止盈看 68,000 美元～66500 美元。」 The disclosed trading plan set the stop loss at $70,400, with take-profit targets in the $68,000 to $66,500 range.
Ten hours before that, jasonleo had posted a Bitcoin long position that was showing as much as $13 million in unrealized profit.
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